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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net loss $ (22,262) $ (28,285)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 144 254
Loss on disposal of property and equipment 39
Noncash interest expense 164 160
Financing derivative 252
Amortization of premium on marketable securities 130 377
Stock based compensation expense 913 1,484
Modification of stock options related to executive retirement 389
Modification of stock options related to restructuring activities 479
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 940 (6)
Accounts payable (804) (2,277)
Accrued compensation (418) 289
Accrued research and clinical liabilities (1,079) (1,324)
Other liabilities 53 82
Deferred rent (9) 169
Net cash used in operating activities (21,069) (29,077)
Investing activities:    
Purchase of marketable securities (3,703) (49,902)
Proceeds from maturities of marketable securities 33,371 34,190
Purchases of property and equipment (136) (317)
Proceeds from disposal of property and equipment 1
Change in restricted cash 7 12
Net cash provided by (used in) investing activities 29,540 (16,017)
Financing activities:    
Increase in restricted cash for notes payable (8,291)
Proceeds from issuances of notes payable 5,000
Proceeds from issuance of common stock 60
Principal payments under notes payable (3,452) (2,916)
Settlement of fractional shares upon reverse stock split (1)
Net cash (used in) provided by financing activities (11,744) 2,144
Net decrease in cash and cash equivalents (3,273) (42,950)
Cash and cash equivalents, beginning of period 10,923 54,220
Cash and cash equivalents, end of period 7,650 11,270
Supplemental cash flow disclosure:    
Cash paid for interest 564 725
Supplemental disclosure of non-cash financing activities:    
Principal payments under notes payable from restricted cash $ 432